A specter is haunting Europe — and much of the rest of the world, for that matter. Even the holy father, who back in the day had joined the czar, Metternich and Guizot, French Radicals, and German police spies in […]
Portfolio Society: On the Capitalist Mode of Prediction
Achim Szepanski Kapital und Macht im 21. Jahrhundert Achim Szepanski legt eine umfassende Studie zur Logik und Existenzweise des Kapitals im 21. Jahrhundert vor. Er bemüht sich um ein radikal marxistisches Verständnis der intrinsischen Rolle, welche das moderne Finanzsystem für
Kapital und Macht im 21.Jahrhundert (Leseprobe)
With the changing funding paradigm for the arts in neoliberal economies, which is increasingly a prerogative of private institutions and corporations, the relation between art and Finance has acquired growing prominence within art discourses and practices. Beginning in the 1960s
Financialization as a Medium: Speculative Notes on Post-Blockchain Art
The short answer is yes. However, the big question has to do with timing and how the crash will be experienced and by whom. Typically, an economic crash means that the value of owned income-generating assets like stocks (shares in companies) are
Are We Heading for Another Economic Crash?
As I have argued in the first Moneylab Reader, money is a medium of the imagination. While it is often presumed to be a banal and basic substance marked by its fungibility, ease of use, widespread acceptance and legal status,
Exposition of the basic points of the Marxist theory of value and its ideological implications, of money (Parts I and II), of social capital and of crises (Parts III and IV) makes it clear that the theoretical analysis (the system
On the Character of Marxian Theory, “Ricardian Marxism” and the Role of F. Engels
An option is common form of a derivative. It’s a contract, or a provision of a contract, that gives one party (the option holder) the right, but not the obligation to perform a specified transaction with another party (the option
Synthetic Structured Financial Instruments
The complex system approach in finance could be described through the concept of entanglement. The concept of entanglement bears the same features as a definition of a complex system given by a group of physicists working in a field of
Financial Entanglement and Complexity Theory. An Adumbration on Financial Crisis.
Defaultable bonds are bonds that have a positive possibility of default. Most corporate bonds and some government bonds are defaultable. When a bond defaults, its coupon and principal payments will be altered. Most of the time, only a portion of
Moore/Patel haben es in ihrem neuen Buch nur vage angesprochen. Ist aber eine ganz konrete Forderung: Angesichts des Raubs, Plünderung und der Extraktion des Mehrwerts, die das Kapital seit dem Jahr 1492 vorgenommen hat, stellen die Subalternen nun Reparationsforderungen, ich
Die Verallgemeinerung der Reparationen
Achim Szepanski Kapital und Macht im 21. Jahrhundert Achim Szepanski legt eine umfassende Studie zur Logik und Existenzweise des Kapitals im 21. Jahrhundert vor. Er bemüht sich um ein radikal marxistisches Verständnis der intrinsischen Rolle, welche das moderne Finanzsystem für
Kapital und Macht im 21. Jahrhundert
Die Trinität Ereignis, Typus und Totalität konstituiert Momente der Objektivierung, die wiederum erzeugt wird, um die Prozesse der Zirkulation zu beschleunigen. Wenn es einen Anker beim spekulativen Kapital gibt, dann ist es die Feier des Risikos, gemessen in der Volatilität
LiPumas “The Social Life of Financial Derivatives” (7)